Top Mega Teams in Tennessee – Ranked by Volume

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Rank – State VolumeTeam NameCompanyLocationVolumeProfile
1The Short Term ShopeXp Realty, LLCMt. Juliet, TN$1,066,734,495View Profile
2The Ashton Real Estate GroupRE/MAX AdvantageNashville, TN$970,683,893View Profile
3The Huffaker GroupKeller Williams Realty Mt. JulietMt. Juliet, TN$198,836,754View Profile
4The Edrington TeamJ Douglas PropertiesChattanooga, TN$164,149,419View Profile
5Wallace Group Home & LoanKeller Williams Realty Memphis CentralMemphis, TN$158,639,674View Profile
6Luxury Homes InternationalLuxury Homes International Franklin, TN$145,393,490View Profile
7Kellerhals TeamKeller Williams Realty Greater DowntownChattanooga, TN$137,847,168View Profile
8The Layson GroupKeller Williams Realty Memphis CentralMemphis, TN$97,235,079View Profile
9The Cook Team Keller Williams Realty Knoxville-WestKnoxville, TN$73,449,001View Profile
10The Home GurusKeller Williams Realty Memphis CentralMemphis, TN$47,579,770View Profile

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2022 Market Summary

Tennessee started 2022 with a total of 6,707 single-family homes on the market, with a median home price of $349,000 and an average price per square foot of $209. By the end of the year, inventory had increased to 15,538 homes on the market (+131%), with a median home price of $416,770 (+19%) and an average price per square foot of $236 (+12%).

At the start of 2022, the median days on market (DOM) was 49 days – by the end of the year, median DOM had increased to 77 days.

Tennessee started the year with 22% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 38% of Tennessee homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Tennessee started 2022 as a strong seller’s market, with an MAI score of 54; by the end of the year, the MAI had dropped to 33 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

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